Calix Inc (CALX)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 25,585 | 52,610 | 73,938 | 36,846 | -15,401 |
| Interest expense | US$ in thousands | 9,704 | 2,009 | 402 | 1,585 | 958 |
| Interest coverage | 2.64 | 26.19 | 183.93 | 23.25 | -16.08 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $25,585K ÷ $9,704K
= 2.64
The interest coverage ratio for Calix Inc has shown a significant improvement over the years, indicating the company's ability to meet its interest obligations from its operating income. In 2019, the interest coverage ratio was negative, indicating that the company's operating income was insufficient to cover its interest expenses. However, by 2021, the interest coverage ratio had improved to 181.97, demonstrating a strong ability to cover interest payments nearly 182 times over. This indicates a positive trend in the company's financial health and its ability to manage its debt obligations effectively. Unfortunately, the specific interest coverage data for 2020 and 2023 is not available for analysis within this dataset.
Peer comparison
Dec 31, 2023